The latest report by IMARC Group, titled “Adhesive Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the global adhesive tapes market trends analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global adhesive tapes market size reached US$ 69.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 102.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
Adhesive Tapes Market Overview:
Adhesive tapes, versatile and essential tools in various industries, are strips of material coated with an adhesive on one or both sides, designed to bond surfaces together temporarily or permanently. Manufactured through a process that involves preparing the base material (which can be paper, plastic, fabric, or metal foil), applying the adhesive, and then rolling the tape onto cores, the production of adhesive tapes requires precision to ensure consistent adhesion and performance. Their importance cannot be overstated, as they offer a non-invasive, easy-to-apply, and cost-effective bonding solution compared to traditional fastening methods like welding or bolting. The benefits of adhesive tapes include versatility, convenience, strength, and the ability to bond diverse materials together while providing a clean, seamless appearance.
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Global Adhesive Tapes Market Trends:
The global market is primarily driven by the increasing awareness of environmental issues has led to a rise in demand for bio-based and recyclable adhesive tapes, aligning with global sustainability trends. Additionally, the ongoing innovation in adhesive tape materials and adhesive chemistry is broadening their applicability, making them suitable for more demanding and specialized applications is fueling market demand. Moreover, the growing electric vehicle (EV) market further amplifies this demand, as adhesive tapes are critical for battery bonding and assembly, showcasing their pivotal role in the transition to greener transportation which is contributing to market expansion. Furthermore, the increasing focus on healthcare and hygiene, coupled with the rising demand for medical devices and supplies, is propelling the market for medical-grade adhesive tapes. In line with this, the growing development of smart adhesive tapes, which incorporate technologies such as NFC chips for tracking and security purposes, is opening new avenues for innovation in packaging and logistics is stimulating market growth.
Competitive Landscape:
- 3M Company
- Nitto Denko Corporation
- Tesa SE
- Lintec Corporation
- Avery Dennison Corporation
- Intertape Polymer Group, Inc.
- Shurtape Technologies, LLC.
- Scapa Group PLC
- Lohmann GmbH & Co. Kg
- Nichiban Co. Ltd.
- Sekisui Chemical Co., Ltd.
Key Market Segmentation:
Breakup by Material:
- Polypropylene
- Paper
- Polyvinyl Chloride
- Others
Breakup by Resin:
- Acrylic
- Rubber
- Silicone
- Others
Breakup by Technology:
- Water-Based
- Solvent-Based
- Hot-Melt-Based
Breakup by Application:
- Packaging Tapes
- Masking Tapes
- Specialized Tapes
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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